Tuesday, December 5, 2017

World Bank urges adoption of integrated social protection policy

The Philippines needs to create an integrated social protection policy to reduce poverty, according to a new World Bank (WB) report.

The WB report, titled “Riding the Wave: An East Asian Miracle for the 21st Century,” described the Philippines, along with Indonesia and Cambodia, as “out-of-extreme-poverty” countries, which enjoy low levels of extreme poverty but also still have small middle classes.

A sizable share of the population is still either moderately poor or vulnerable to falling back into poverty, it said. Read More